Tom Rose says the airport authority had been in a bankrupt position for 17 years and were at a point to close it when a deal was struck with Carl Dymond.
The Stephenville Airport had a history of greatness from the 1940’s through to the eighties. Now, The Mayor of town is holding onto hope that an agreement can be reached with someone to do something at the facility. Tom Rose says the airport authority had been in a bankrupt position for 17 years and were at a point to close it when a deal was struck with Carl Dymond. That was in 2023 and Dymond bought the airport for $6.90 and a commitment to complete the runway lighting at a cost of $1.7 million. Rose says unfortunately Dymond did not have the capital to follow through on his plans and is in trouble financially before the courts. He says the town is also owed money but he is unsure of how much. As the Mayor, Rose says he has to have hope for the airport and the town that maybe someone else will have an interest in the airport.
Meanwhile, Rose says Dymond has six weeks to get things together before he is back in the courts again. The company which installed runway lighting, is suing Dymond due to non-payment.
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